Last checked at 4 May 2017 15:30
4 May 2017
Burberry Group plc
Burberry announces new Business Services centre in Leeds
Burberry announces its intention to open a new office in Leeds, strengthening its ties with Yorkshire.
Subject to consultation with employees, the office, which will open in October, will bring together UK and EMEIA shared service teams from Finance, HR and Procurement, as well as some Customer Service and IT roles.
Creating a centre of excellence will make Burberry more productive and efficient by simplifying processes and fostering teamwork across functions. Moving roles to Leeds will also generate significant savings for the business by allowing Burberry to reduce its office space requirements in London where the company will remain headquartered.
It is expected that about 300 roles will transfer to Leeds.
Christopher Bailey, Chief Creative and Chief Executive Officer of Burberry Group plc, commented:
"This is an important move for Burberry as we continue to deliver on the strategic priorities we outlined last year. In addition to the benefits it will bring to the business, opening an office in Leeds reinforces our commitment to the UK and to Yorkshire, home of our iconic trench coat."
Enquiries
Investors and analysts |
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Charlotte Cowley | VP, Investor Relations | 020 3367 3524 |
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Media |
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Andrew Roberts | VP, Corporate Relations | 020 3367 3764 |
Caroline Daniel
| Brunswick | 020 7404 5959 |
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Notes
· This proposal forms part of the programme, announced in May 2016, to deliver at least £100m of annualised cost savings by FY 2019.
· Established in 1856, Burberry is a global British luxury brand with a heritage of innovation, craftsmanship and design.
· The Burberry business comprises 5 divisions: mens, womens, childrens, accessories and beauty.
· Burberry is headquartered in London and listed on the London Stock Exchange. Burberry is a constituent of the FTSE 100 index (BRBY.L).
· Visit www.burberry.com for further information.
Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future results in forward-looking statements. Burberry Group plc undertakes no obligation to update these forward-looking statements and will not publicly release any revisions it may make to these forward-looking statements that may result from events or circumstances arising after the date of this document. Nothing in this announcement should be construed as a profit forecast. All persons, wherever located, should consult any additional disclosures that Burberry Group plc may make in any regulatory announcements or documents which it publishes. All persons, wherever located, should take note of these disclosures. This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Burberry Group plc shares, in the UK, or in the US, or under the US Securities Act 1933 or in any other jurisdiction.
BURBERRY, the Equestrian Knight Device and the Burberry Check are trademarks belonging to Burberry which are registered and enforced worldwide.